Corporate Tax Burdens
Corporate tax burdens vary from country to country, and the lower the tax rate the more attractive it is for businesses to operate within the borders of said country. The chart below, published in the Economist, shows the total tax burden of various countries.
Canada's corporate tax rate is slightly lower than that in the United States, but still higher than those in the UK and Ireland. We should be trying to reduce corporate taxes to improve competitiveness.
In similar vein, Mike Harris and Preston Manning have called for a significant reduction in the size of government in Canada. I could not agree more. Large government becomes socialist and totalitarian, as envisioned by Hayek. The only difference is that in the modern world such ideology is imposed indirectly via regulation.
As Ronald Reagan said in 1980 - "Government is not the solution to our problems. Government is the problem"
Canada's corporate tax rate is slightly lower than that in the United States, but still higher than those in the UK and Ireland. We should be trying to reduce corporate taxes to improve competitiveness.
In similar vein, Mike Harris and Preston Manning have called for a significant reduction in the size of government in Canada. I could not agree more. Large government becomes socialist and totalitarian, as envisioned by Hayek. The only difference is that in the modern world such ideology is imposed indirectly via regulation.
As Ronald Reagan said in 1980 - "Government is not the solution to our problems. Government is the problem"
posted by Technical Bard | 10:02
0 Comments:
Post a Comment
<< Home